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20130201
20130228
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CNBC 9
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Search Results 0 to 15 of about 16 (some duplicates have been removed)
minister gave the house an update on the eu negotiations on the budget, and he will know that regional aid, which comes from the eu, plays an important role for some of the regional assemblies when it comes to attracting inward investment. will he update the house on the continuation of regional aid? >> the outcome of the budget leaves the amount of overall regional aid that britain will receive broadly similar to the last period at around 11 billion. there are changes in the definitions of regions, partly because of the new concept of transition regions. what we now need to do is to sit down, as the united kingdom, and work out how best to make sure that the money is fairly divided between wales, northern ireland, scotland and england. there are transition regions in england that are looking to benefit, but i am sure that we can have fruitful discussions and come to a good conclusion. >> is my right honorable friend amused that the leader of the opposition and the deputy prime minister are both trying to claim credit for his brilliant achievement of a real-terms cut in the eu budget? does
. we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good contra indicators. >> sorry, media friends. but this is not exactly the best of -- >> we always have timing. on today's show, we're in zurich where we hear from the ceo of ubs about the group's outlook. the swiss bank won to a loss in the fourth quarter. >> and is we'll head out to california for a look at the next offer. it's due to be released later today. we'll be live in madrid as the spanish prime minister's party pledges to fight corruption allegations that have prompted calls for his resition naz. >> and for its to earn its annual forecast on a weaker yen, we have in-depth analysis at 10:40 cet. be
countries with a shared agenda. >> the prime minister give an update on the eu negotiations on the budget. the prime minister will know that -- which comes from the eu plays an important role for some of the recent assemblies when it comes to attracting inward investment. can he give the house an update on the continuation of regional? >> what i would say to the honorable gentleman is that the outcome of the budget leaves the amount of overall a that britain will be receiving broadly summer to the last period at around 11 billion euros. to our changes in the definitions of regions, part of because there's this new concept of a transition region that has come in, and so what we now need to do is to sit down as the united kingdom and work out how best to make sure the money is fairly divided between wales, northern ireland, scotland and england. for our transition regions in england that are looking to benefit but ensure we have discussions and come to good conclusions. >> is my right honorable friend and is the leader of the opposition and the deputy prime minister are both trying to claim
an update on the eu negotiations on the budget. the prime minister will know that -- which comes from the eu plays an important role for some of the recent assemblies when it comes to attracting inward investment. can he give the house an update on the continuation of regional? >> what i would say to the honorable gentleman is that the outcome of the budget leaves the amount of overall a that britain will be receiving broadly ummer to the last period at around 11 billion euros. to our changes in the definitions of regions, part of because there's this new concept of a transition region that has come in, and so what we now need to do is to sit down as the united kingdom and work out how best to make sure the mony is fairly divided between wales, northern ireland, scotland and england. for our transition regions in england that are looking to benefit but ensure we have discussions and come to good conclusions. >> is my right honorable friend and is the leader of the opposition and the deputy prime minister are both trying to claim credit for this brilliant move to achieve a real cat in the bud
for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circumstances, you
the prospect of having to bail out failed banks and eu governments for perhaps years to come. they are still asking why no charges have been brought in the interest rate fixing scandal among top level banks. >> now, the german finance minister is set to present proposals to address that anger that will include a tightening of banking regulations. germany is not the only european country planning new laws against the reckless bankers that cost taxpayers billions. >> and number of european governments are drawing up new measures to prevent big banks from passing on the costs of high risk trading to taxpayers. in germany, a new draft law is due to be presented to the cabinet on wednesday. the proposed law would require major banks to separate their retail and investment banking. it also outlines plans for restructuring and liquidation in the event of a crisis, and bank executives are engaged -- who engage in reckless behavior could face up to five years in prison, and britain is also bound to pressure to rein in the excesses' of the system in the wake of the libor scandal and breaches of money
for the eu. one longtimee -- campaigner is the creator of the radio. he revealed he may have to sell up his home in london, a place that is his invention headquarters. >> this is in the guinness book of records. have devices inside there. when you put your foot down, every time you do that, a little tweak of electricity comes through. it is injected into your mobile phone battery. i call myself an inventor. this workshop is where it all began. the is a graveyard of thousand domestic appliances. i am known for making the clockwork radio. that is how i wound up. i was watching the program about the spread of hiv aids in africa. the only way they could stop this disease was through radio. there was a problem. most people in africa did not have electricity. the only other form of electricity was in the form of batteries. i am thinking to myself, all those years ago, i could see myself with an old-fashioned gramophone. -- wound this thing up this thing up. it produces the volume of sound. there must be enough energy in the spring. it would drive a radio. i've only got one arm. that goes there. t
registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to today's, a bit of a transport theme going on this morning. >> or lack thereof. >> well, there's bmw, has their recalled. you have to take your one and three series back. >> the thing about the bmw is people have to take them to the special bmw shop, anyway. when you have a recall like this, it's a pretty straightforward process for owners. >> then making a replica of the "titanic." some people are worried they're making it in a chinese shipyard. >> they're pitching this with "titanic" with a twist. some say the twist should be maybe this time it won't sink. >> they are going to do the original sailing route. what happens when they get th
. >>> nicholas anastasia swept to an election victory on sunday. he pledged to work with the country's eu partner toes secure a swift rescue package, insisting that the new government would prepare such an image around the world. >>> and a slowdown in chinese exports has been pulling back on the economy. it posted a fourth consecutive month of expansion. china's hsbc flash pmi index for february slipped to 50.4, the lowest reading in four months and down from a two-year high in january of 52.3. no one is hitting the panic button just yet. >> while the flash pmi slipped from a two-year high in yarn, it tells us china's economic recovery is intact. 6.4 is considered that the week long lunar new year holiday fell in february of this year. look back at lunar new year last year and you can see some of the distortion effect it fell in january 2012. what may be worry background this month's flash pmi is the new export orders subindex. it inched down to contraction territory, add to go existing worries about this sector. taken as a whole, the flash pmi number is the earliest indicator of china's health a
-claude junker says he expects the eu to real a deep on the budget today. juncker said the last of an agreement would be disastrous for the region. julia is in brussels. julia, are we going to get a budget? mr. cameron has said, look, i don't want it frozen, i want it cut. so what's going to happen? >> well, we're moving in the direction of cuts. i think the positive news is that if you compare what we were talking about in november, we've cut around 80 billion euros from the 1 trillion euro target that they were looking at back in november. so we are moving in the right direction, but with regard to the decision today, i think if you've been listening to angela merkel to david cameron himself and francois hollande this week, the indication is that perhaps we shouldn't be as optimistic as jean-claude juncker would have us believe, but someone has to fly the flag for europe and we like our posturing in europe. overall, what rewe looking at? germany, the uk, the nordic european countries are fighting for cuts, real term cuts in this whereas italy and france would rather have it held steady. even
the uncertainty created by the u.k. e.u. referendum and scottish referendum on independence. there's a lot of negatives surrounding sterling now. i think it has further to fall. >> we'll leave it. there we want to get your thoughts on employment, as well. we'll be right back. >>> welcome back to "worldwide exchange." let's go straight to a look at what's happening with sterling. we have seen it drop below the 154 level. bank offen land minutes just -- of england minutes just showing fisher and miles would have liked to see a 25 billion pound increase in the size of the quantitative easing program. also comes as we learn that the u.k. unemployment rate held at 7.8%. slightly better than expected drop in jobless claims. average earnings growth remains weak. here's what's happening across the gilt curve. yields coming in at 2.4%. and james, at least the gilt yield is coming in. i suppose the markets would be most worried if the opposite happened, if it were to push out here. it's interesting to hear the bank of england say they think pound appreciation is expansionary. perhaps they look at th
with the eu. not necessarily with a decent of urgency. it does not suggest a great deal of pace. it may surprise you that we want this as much as you do. ladies and gentlemen, important as they are, services can be seen in perspective " for be made of the defining narrative. while we must sort out these challenges, it is not in our interest to define racial profiling. we will discuss market access issues at the trade policy forum. we also need to find a positive narrative that will bind our countries together. one is in the energy sector. without access to energy inputs, we will not be able to sustain economic development. therefore, an enduring partnership should not only cover technological and regulatory aspects, but established commercial partnerships. as the u.s. becomes a net exporter of energy, we hope we can develop mutually beneficial partnerships. renewable energy, biofuels and emission technologies. in each of these cases, there can be immediate benefits for both sides. you're interested in exporting natural gas and exporting to non fta countries would help stabilize internat
north korea about its nuclear weapon program. he said there will be talks with the e.u. about reaching a transatlantic trade agreement. and marco rubio gave the republican response and criticized obama's programs and proposals as more unnecessary deficit spending. joining us for more, head of european g-10 fx bank of america merrill lynch. welcome. >> good morning. >> want to start talking about europe, about cypress where he got back from. first the u.s. dollar, what's happening with the potential fiscal talks. how concerned are you, what does it moon for trading the currency? >> the u.s. dollar has weakened so far this year because of the overall market risk move that we have seen. positive of surprises in the u.s. at the global level. and looking forward, we were bullish on the u.s. dollar because we see a market correction as the u.s. tightens fiscal policy substantially this year. >> how severe of a correction might that -- >> we believe for the rest of the year the euro/dollar will be closer to 1.30 or below, 1.35. >> really? >> also last week we believe in the way there's a ceil
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu works with the 17 people and the 17 countries in th
it for greek drag mas. >> once they leave the e.u. another said to combine mitt romney with a dog to kelp indicate i guess how he was traveling -- >> seamus. >> yeah. in the monopoly game. and they're having funny ones, basically saying that they should keep the boot and add a can to the board in order to -- >> kick it. >> kick the can. >> you kick the boot and add a can instead of the thimble. you can kick the can across mayfair. >> there you go. or something. i said they should save it for the european, addition -- >> i don't know that i have that edition of monopoly. >> well -- >> right. plenty more discussion on that. first up, though -- >> adele has agreed to go private in a $24.4 billion buyout led by founder and ceo michael dell and private firm silverlake of the the biggest leveraged buyout since the financial crisis. some are voicing concern about the price saying the board should have held out for $14 a share. one stakeholder is investigating whether the board is breaching its fiduciary duty. and we have editor-in-chief of yahoo! finance. aaron, great to have you. thank you very
Search Results 0 to 15 of about 16 (some duplicates have been removed)